Lawsuit claims NCAA fails to pay student-athletes fair compensation

The Minneapolis law firm of Zimmerman Reed filed a lawsuit against the National Collegiate Athletic Association arguing the NCAA has failed to pay student athletes fair compensation.

The suit seeks to be certified as a class action in Minnesota. The lead plaintiff is a former scholarship football player at the University of North Texas.

The suit says the NCAA makes billions of dollars off the work and the talents of the athletes in violation of federal anti-trust laws through illegal price-fixing arrangements. The athletes work what amounts to a full-time job in exchange for scholarships that do not cover the full cost of attending school.